The government is still ‘evaluating’ applications seeking capital incentives<\/a> to set up semiconductor fabrication units<\/a>, it has told ISMC Analog<\/a>, a consortium of Israeli technology company Tower Semiconductor<\/a> and Gulf-based Next Orbit Ventures<\/a>. 政府仍在寻求“评估”应用程序资本激励设置半导体制造单位,它告诉ISMC模拟,以色列科技公司组成的财团塔半导体和在波斯湾的下一个轨道公司。
It was referring to the $10 billion semiconductor<\/a> incentive plan announced in December 2021.
The government has also asked ISMC to “submit additional information” on the project plan, sources aware of the development told ET.
The response, from the Ministry of Electronics and IT, came after the consortium wrote to the government urging it to expedite the incentive approvals necessary to start building a factory by the end of this year.
ET reported last month<\/a> that ISMC had sought assurance from the ministry that it would ‘honour its words’ on providing approval to the incentives.
The response from the IT ministry, however, stopped short of offering a timeline for approvals.
“We have asked for some additional details from all the applicants and hope to receive them by the end of this month. It will take us some time to vet that information, following which we hope to start announcing the incentives,” a senior government official said.
ISMC Analog is among the three applicants that have proposed to set up semiconductor fab units in the country.
The consortium has proposed a $3 billion analogue fab along with Tower Semiconductor, which was acquired by American multinational Intel in February.
“Going by conversations with the ministry, we are hoping the approvals will start rolling out by October,” an industry representative aware of the exchange between ISMC and the government told ET.
On whether the acquisition would have a ripple effect on Tower’s partnership for the plant in India, an Intel spokesperson said: “Until the deal is closed, Intel and Tower continue to run their businesses independently and, therefore, we’re not in a position to comment on Tower’s plans.”
ISMC is not the only one urging the ministry to move faster.
Singapore-based IGSS Ventures has also said earlier that investors were becoming ‘wary and impatient.’ IGSS has proposed a Rs 25,000 fab in Tamil Nadu.
“It has been nine months since the day the incentive policy was announced. Ideally, the ministry should have gone for a ‘ready-first and eligible, approve first’ approach,” Arun Mampazhy, a semiconductor industry veteran, told ET.
In February, the Centre put out the names of the three applicants <\/a>under the Semicon incentive to set up semiconductor factories, the revival of an attempt from 2012 to seed a semiconductor ecosystem in the country dependent on import for the electronic building blocks.
The capital incentives from the Centre alone can form up to 50% of the project cost in certain nodes.
With states also chipping in, the semiconductor fab proposals have a high government-backed incentive portion in their capital table.
The fab proposals have led to a race by states seeking to bag the investment-heavy projects.
On Tuesday, the Vedanta-Foxconn consortium said it had chosen Gujarat for its proposed semiconductor plant.
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它指的是100亿美元半导体激励计划宣布在2021年12月。
政府也要求ISMC“提交附加信息”项目计划,意识到发展告诉ET来源。
的反应,电子和它,之后该财团写信给政府敦促加快必要的激励批准开始建造一个工厂今年年底。
它的响应,然而,没有提供时间表批准。
“我们已经从所有申请人要求一些额外的细节,希望能收到他们本月月底。我们要花一些时间来审查这些信息,我们希望开始宣布激励后,”一位高级政府官员说。
ISMC模拟是三个申请人提出了建立半导体工厂单位。
该财团提出了一个模拟半导体工厂以及塔30亿美元,2月份美国跨国收购英特尔。
“通过与中国对话,我们希望批准将在10月开始推出,“一个行业代表意识到交流ISMC和政府告诉等。
收购是否会有连锁反应塔在印度的合作工厂,英特尔发言人说:“直到交易关闭,英特尔和塔继续运行其业务独立,因此,我们无法对塔的计划发表评论。”
ISMC不是唯一敦促中国更快。
新加坡igs企业也早些时候表示,投资者变得谨慎和耐心。igs提出了Rs 25000在泰米尔纳德邦工厂。
“这是九个月以来激励政策宣布的那一天。理想情况下,应该去“ready-first合格,批准第一”的方法,”阿伦•Mampazhy半导体行业经验丰富,告诉等。
今年2月,中心三个申请者的名字半导体激励下建立半导体工厂,试图从2012年到种子的复兴半导体生态系统国家依赖进口的电子积木。
的资本激励中心仅能形成高达50%的项目成本在某些节点。
州也凑钱,有很高的半导体工厂建议政府支持资本表中激励部分。
工厂的建议导致了种族的国家寻求袋大举投资项目。
Vedanta-Foxconn协会周二表示,它选择了古吉拉特邦的半导体工厂。
The government is still ‘evaluating’ applications seeking capital incentives<\/a> to set up semiconductor fabrication units<\/a>, it has told ISMC Analog<\/a>, a consortium of Israeli technology company Tower Semiconductor<\/a> and Gulf-based Next Orbit Ventures<\/a>.
It was referring to the $10 billion semiconductor<\/a> incentive plan announced in December 2021.
The government has also asked ISMC to “submit additional information” on the project plan, sources aware of the development told ET.
The response, from the Ministry of Electronics and IT, came after the consortium wrote to the government urging it to expedite the incentive approvals necessary to start building a factory by the end of this year.
ET reported last month<\/a> that ISMC had sought assurance from the ministry that it would ‘honour its words’ on providing approval to the incentives.
The response from the IT ministry, however, stopped short of offering a timeline for approvals.
“We have asked for some additional details from all the applicants and hope to receive them by the end of this month. It will take us some time to vet that information, following which we hope to start announcing the incentives,” a senior government official said.
ISMC Analog is among the three applicants that have proposed to set up semiconductor fab units in the country.
The consortium has proposed a $3 billion analogue fab along with Tower Semiconductor, which was acquired by American multinational Intel in February.
“Going by conversations with the ministry, we are hoping the approvals will start rolling out by October,” an industry representative aware of the exchange between ISMC and the government told ET.
On whether the acquisition would have a ripple effect on Tower’s partnership for the plant in India, an Intel spokesperson said: “Until the deal is closed, Intel and Tower continue to run their businesses independently and, therefore, we’re not in a position to comment on Tower’s plans.”
ISMC is not the only one urging the ministry to move faster.
Singapore-based IGSS Ventures has also said earlier that investors were becoming ‘wary and impatient.’ IGSS has proposed a Rs 25,000 fab in Tamil Nadu.
“It has been nine months since the day the incentive policy was announced. Ideally, the ministry should have gone for a ‘ready-first and eligible, approve first’ approach,” Arun Mampazhy, a semiconductor industry veteran, told ET.
In February, the Centre put out the names of the three applicants <\/a>under the Semicon incentive to set up semiconductor factories, the revival of an attempt from 2012 to seed a semiconductor ecosystem in the country dependent on import for the electronic building blocks.
The capital incentives from the Centre alone can form up to 50% of the project cost in certain nodes.
With states also chipping in, the semiconductor fab proposals have a high government-backed incentive portion in their capital table.
The fab proposals have led to a race by states seeking to bag the investment-heavy projects.
On Tuesday, the Vedanta-Foxconn consortium said it had chosen Gujarat for its proposed semiconductor plant.
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